jg wrote: “Ah, typical day in the ‘new stock market’: weak job growth in April, job growth in February and March revised downward, creeping up of the unemployment rate.
Upward goes the market. Hilarious.”
You know, I’m no where near as bearish as you are, but I agree that right now the market seems to have a lot of “panic buying” that doesn’t pay much mind fo the data.
That said, earnings have been strong this quarter overall. Their sustainability is questionable, but earnings and mergers are a big art of what has been fueling the beast.
